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Updated almost 10 years ago on . Most recent reply

User Stats

63
Posts
10
Votes
John Oitice
  • Investor
  • Cortlandt Manor, NY
10
Votes |
63
Posts

POF QUESTION

John Oitice
  • Investor
  • Cortlandt Manor, NY
Posted

So i have someone who is willing to fund one of my deals and also has the account to back it but i'm doing the deal what kind of letter does the backer have to sign to allow me to use her account as proof of funds 

Most Popular Reply

Account Closed
  • Investor
  • Waynesville, NC
121
Votes |
408
Posts
Account Closed
  • Investor
  • Waynesville, NC
Replied

I've had private lenders simply write a letter and provide a bank statement. This satisfies Fannie Mae, so it should probably be adequate for anyone.

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